Waseca, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waseca, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Waseca Housing Market Information

With 9,241 people, 3,530 houses or apartments, and a median cost of homes of $159,231, Waseca real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Waseca, accounting for 64.93% of the city's housing units. Other types of housing that are prevalent in Waseca include large apartment complexes or high rise apartments ( 21.44%), duplexes, homes converted to apartments or other small apartment buildings ( 6.10%), and a few mobile homes or trailers ( 4.46%).

The most prevalent building size and type in Waseca are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.14% owning and 40.86% renting.

There is a lot of housing in Waseca built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Waseca built between 1940-1969 ( 23.63%). A lesser amount of the housing stock also hails from before 1939 ( 23.13%). There's also some housing in Waseca built between 2000 and later ( 8.08%).

Waseca Home Appreciation Rates

Real estate appreciation rates in Waseca's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

NeighborhoodScout's data show that during the latest twelve months, Waseca's appreciation rate, at 3.18%, has been at or slightly above the national average. In the latest quarter, Waseca's appreciation rate has been -0.47%, which annualizes to a rate of -1.86%.

Relative to Minnesota, our data show that Waseca's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$159,231

Waseca, MN HOME PRICES

Value Range
> $1,097,000 0.8
$823,001 - $1,097,000 0.5
$548,001 - $823,000 0.2
$439,001 - $548,000 0.8
$329,001 - $439,000 3.1
$219,001 - $329,000 11.3
$110,001 - $219,000 60.1
$55,001 - $110,000 19.4
$0 - $55,000 3.9

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
46.0154693542717 60.7802874743327

Number Of Homes And Apartments:
3,530

Waseca Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
22.88% 1.20% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$582 / per month

Homeownership Rate

Homeownership
Owners 59.14
Renters 40.86
Vacant 6.79

Housing Market Details

 

Age of Homes

AGE OF Waseca HOMES
2000 or Newer 8.1
1970 - 1999 45.2
1940 - 1969 23.6
1939 or Older 23.1

Types of Homes

TYPE OF Waseca HOMES
Single-Family 64.9
Townhomes 3.1
Small Apt. Buildings 6.1
Apt. Complexes 21.4
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Waseca HOMES
No Bedroom 0.58
1 Bedroom 13.39
2 Bedrooms 30.84
3 Bedrooms 31.71
4 Bedrooms 20.36
5 or more bedrooms 3.12

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Zip Codes in Waseca, MN